yes bank surges on ect agreement jan 10/01/14

YES Bank surges on entering into advisory agreement with Australia based ECT

Yes Bank Ltd. | Bank - Private | BFSI | BSE: 532648 | NSE: YESBANK
Yes Bank is currently trading at Rs. 355.30, up by 4.30 points or 1.23% from its previous closing of Rs. 351.00 on the BSE.
The scrip opened at Rs. 352.95 and has touched a high and low of Rs. 356.00 and Rs. 348.00 respectively. So far 150798 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 547.15 on 20-May-2013 and a 52 week low of Rs. 216.10 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 371.85 and Rs. 348.50 respectively. The current market cap of the company is Rs. 12664.50 crore.
The promoters holding in the company stood at 25.59% while Institutions and Non-Institutions held 54.45% and 19.96% respectively.
YES Bank, India’s fourth largest private sector Bank, jointly with Greenard Willing, an Australian corporate advisory firm, has entered into an advisory agreement with Australia based Environmental Clean Technologies (ECT). The agreement aims to assist ECT in commercialization and technology transfer of Clean Coal technologies in India via a systematic knowledge-based approach.
The bank’s Sustainable Investment Banking Group along with Greenard Willing, will jointly set in place the structures and partners for implementation of ECT’s manufacturing strategy in India, to deliver a lower capital cost structure for Coldry plant & equipment and also in the development of commercial scale Coldry processing plants for Indian and International projects.
Yes Bank has international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. It has a strong pan India presence with 500+ branches and 1100+ ATMs in all 28 states and 7 Union Territories.

Link. http://www.moneyworks4me.com/company/news/index/id/89340

Not financial advice